Which of the following is a hybrid of a checking and savings account?
A) CD
B) negotiable CD
C) passbook accounts
D) money market deposit account
D
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In an open economy, domestic investment equals:
A. domestic saving plus net capital outflows. B. domestic saving. C. net capital inflows. D. domestic saving plus net capital inflows.
Javier has been thinking about purchasing a bond but is afraid that the bond will lose value. He has decided to hold money instead. This is known as the
A) money balance demand for money. B) precautionary demand for money. C) transactions demand for money. D) asset demand for money.
Stock market price quotations are an example of money serving as a
A) store of value. B) medium of exchange. C) unit of accounting. D) economic value.
Use the following graph for a private closed economy (an economy with only a private sector and no international trade) to answer the next question.
At the equilibrium level of real GDP, saving will be
A. $100 billion. B. $50 billion. C. undeterminable from the information given. D. $150 billion.